Chicago-based Evergreen Real Estate Group has been retained to manage multifamily communities comprising a total of 1,377 units across Illinois, Minnesota, Ohio and Virginia. The assignments include a mix of market-rate units and affordable housing for families, seniors and disabled individuals, expanding Evergreen’s management portfolio to more than 10,000 units throughout the U.S.
The new management assignments include the following properties:
- 6900 S. Crandon Apartments – 152-unit affordable senior housing community in Chicago
- 6920 S. Crandon Apartments – 65-unit affordable family housing community in Chicago
- Armory Square – 50-unit affordable family housing community in Waukegan, Ill.
- Byrneport Apartments – 100-unit affordable family housing community in Toledo, Ohio
- Fountain Square Apartments – 110-unit affordable senior housing community in Toledo, Ohio
- Haven St. Charles Apartments – 81-unit market-rate housing community in St. Charles, Ill.
- Highland Crest Apartments – 20-unit affordable family housing community in Toledo, Ohio
- Labor Retreat Apartments – 77-unit affordable senior and disabled housing community in Minneapolis
- Lakewood Plaza – 200-unit affordable senior and disabled housing community in Norfolk, Va.
- Norwich Apartments – 77-unit affordable family housing community in Toledo, Ohio
- Ottawa Cove Apartments – 100-unit affordable family housing community in Toledo, Ohio
- Providence Pointe – 142-unit affordable family housing community in Peoria, Ill.
- Ravenswood Senior Living – 74-unit affordable senior housing community in Chicago
- Ridgeland & Yates Apartments – 31-unit affordable family housing community in Chicago
- Shakopee Village Apartments – 68-unit affordable senior housing community in Shakopee, Minn.
- South Apartments – 30-unit affordable family housing community in Chicago
The firm’s integrated construction, development, acquisition and management teams work hand-in-hand to provide expertise across disciplines, which is a model that benefits not only residents, but also third-party owners.
As property manager, Evergreen will oversee site-level operations and, in some communities, spearhead capital improvements using Low-Income Housing Tax Credits (LITHC) and other subsidies.
